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Symphonie Trader System

  • #13,261
  • Jun 4, 2012 3:20pm Jun 4, 2012 3:20pm
Quoting Jack Herer
well done Krypty.

I admit I was interested to see if anyone was trading 4h charts here. I like to trade in a higher frequence for quicker growth of my account, so for me it's only 1h charts and below. But yes, 4H are much less stressful, I might try it soon.

what's your average winner in pips?

take care!
Average Winner = 120 pips
Average Loss = -28 pips
Average Trading Length = 1d
  • #13,262
  • Jun 4, 2012 3:28pm Jun 4, 2012 3:28pm
Quoting Krypty
Average Winner = 120 pips
Average Loss = -28 pips
Average Trading Length = 1d
thanks!

excelent Risk to reward ratio, and very decent win rate (44%).

keep up the good job, you are on the right path.
  • #13,263
  • Jun 4, 2012 3:57pm Jun 4, 2012 3:57pm
Quoting yelena
uhm.. nope. succession trading is done 2-3x a day at _ _ pips each, mm-sized. i chickened out on the 645 trade. today is a risky day since there's no london nor any high impacting news - just you and me trading against each other. do you see what happened in the PA from where i exited? that happens 3x a week using this strat.

there are M5 to H1 tradings done in between at 5 to 10 pips each, 5-10% exposure per trade per pair. yes im that crazy. but you gotta try it to see what i mean.
Thanks for the reply - the more I trade this strat the more I like it - I would love to go for more trades, but living in North America makes it difficult to get those Frank and London opens - I've been getting some pretty good opportunities at around 8 a.m. EST - would love to trade those other opens though - would satisfy the junkie in me
  • #13,264
  • Jun 4, 2012 6:15pm Jun 4, 2012 6:15pm
Thats great results Krypty.

I can only trade H4 so happy that there are others here that can also share some tips with higher TF. Although symphonie is an excellent indicator, I think with the H4 TF entry is a little too delayed. You end up leaving too many pips on the table. Do you use any other signals to enter like stoch/trendlines/MA, or just symphonie for both entries and exit?
  • #13,265
  • Jun 4, 2012 8:44pm Jun 4, 2012 8:44pm
AU M5 trade I'm currently babysitting....I also have an EU trade running but I entered it a bit late so I won't post the chart......
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,266
  • Jun 4, 2012 9:48pm Jun 4, 2012 9:48pm
Quoting yelena
by 1230am EST or like just over 2 hours from now. excited!

If RBA decides to cut interest rate to 3.50% then the effect will last 9 more hours. and AU should be traded independently til US session.

If RBA decides to keep rates unchanged at 3.75%, then the effect will last only 2 hours.
I think the .25% drop is expected, but there is rumour......just rumour mind you, that owing to the Chinese economy cooling that they may drop it further. Of course there's no way to know until we see it, but that would cause a nice reaction!!!

I just closed my AU long for +41 and my EU long for +32. I don't see any more gains before the Aussie news.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,267
  • Jun 4, 2012 9:49pm Jun 4, 2012 9:49pm
What a difference one day makes in the markt. If you read my earlier post #13251; one will see I began making the case for a bottoming potential in the EURUSD.

Today's markt price action reinforces the conclusions that a bottom is coming into focus.

Look what happenned today....First the Extreme row of Symphonie Signals a colour change that denotes a warning marker of price aciton reversal. Second, we have a clear break of the downtrend channel with a daily close above that line. Third, stocahastics has now broken the 20 oversold level and appears to be pointing up to a rise in price action.

However, this should be viewed as just the first stage of change in EURUSD because we have some interesting levels of resistance for price action to break before we can confirm this direktional change in EURUSD. The first level of resistance is the bottom of the expanding triangle at 1.26500 what broke easily after a dead cat bounce. I believe that this dead cat bounce invalidated the expanding triangle formation and has turned this into a stangard downward movement with retracement. If price action breaks this resistance level then the next resistance level will be 1.29500 which is the bottom of the period of consolidation period that began in Jan. 2012. The next will be the top of the gap open and neckline of the head and shoulders pattern at 1.30700. If Price action breaks and still pushes past 1.30700 then one looks to the top of the shoulder at 1.32500 and the the top of the head at 1.34900. Past that point comes the 1.38054 but I think that one is too far out and unsupported with the bottom breaking.

In any case Symphonie will show you the way and point to the correct direction to make your trades. Remember that trading with the trend as your friend will always serve you well.

Evaluator.:nerd:
Attached Image (click to enlarge)
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  • #13,268
  • Jun 4, 2012 9:51pm Jun 4, 2012 9:51pm
Quoting realjumper
Looking at the daily chart it's certainly possible that a reversal is on the cards, but this may be nothing more than a retracement to allow the bears to regroup for the next push down, as you say.

Now if you look at the weekly chart, you can see that the PA is bouncing off the levels that caused complete reversals in the past, so this level is very strong and a bounce here is expected.

If this level does capitulate, you can see where the next support level is....we were there about this time in 2010. If not, then a reversal may occur

You can...
RealJumper,

Exactly correct!!! Symphonie will lead the way...then it is up to the trader to make the decision to trade.

Evaluator.:nerd:
  • #13,269
  • Jun 4, 2012 10:04pm Jun 4, 2012 10:04pm
Quoting Evaluator
RealJumper,

Exactly correct!!! Symphonie will lead the way...then it is up to the trader to make the decision to trade.

Evaluator.:nerd:
Indeed. The important level to watch is 1.2650-ish, which you can see on the Weekly charts I have posted. If the PA can't break that level, we may go down deep. f the PA breaks the level and gets a weekly close above it, then 1.3000 becomes the target.......as if we haven't seen enough of the 1.30's this year!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,270
  • Jun 4, 2012 10:35pm Jun 4, 2012 10:35pm
EU, AU, GU short; UC long
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  • #13,271
  • Jun 5, 2012 1:20am Jun 5, 2012 1:20am
Quoting yelena
5buy+20sell+20buy AU = 45 daily running.

however, since the storm has passed, we sold. let's see if she can give us 100 pips today. hopefully, they all reach their TP's first. green pips to you all! and some hedgehogs to keep you warm
Why did you sell when AU had signalled up by the time you took the trade?
  • #13,272
  • Jun 5, 2012 1:32am Jun 5, 2012 1:32am
I had suffer 3 loss in a row, can anymore pls comment the failed trade I just made?

1, Stoch going up from oversold
2, all matrix signals are blues

Result: failed. matrix signals repaint
Attached Image(s) (click to enlarge)
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  • #13,273
  • Jun 5, 2012 1:39am Jun 5, 2012 1:39am
Quoting frontline141
I had suffer 3 loss in a row, can anymore pls comment the failed trade I just made?

1, Stoch going up from oversold
2, all matrix signals are blues

Result: failed. matrix signals repaint
Can you draw a vertical line where your trades were taken please? otherwise how can we help you?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,274
  • Jun 5, 2012 1:43am Jun 5, 2012 1:43am
Quoting yelena
but my AU is at 50! not being greedy just reasonable.... 65 now.
Are you sure you mean your AU?
  • #13,275
  • Jun 5, 2012 1:51am Jun 5, 2012 1:51am
Quoting yelena
yeah TP 50.. so technically i am aiming for 125 pips not just 100.. but a shortfall can happen. GU hit at 25, 90 now. onlye EJ and the stubborn AU remain
Oh ok, thats where you've set your tp understand now.
  • #13,276
  • Jun 5, 2012 1:57am Jun 5, 2012 1:57am
Quoting realjumper
Can you draw a vertical line where your trades were taken please? otherwise how can we help you?
here it is. The line is where i enter and another pic is the one which breakout the swing low.



thanks
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 05-01 failed - market open or uk holiday.jpg Size: 132 KB
  • #13,277
  • Jun 5, 2012 2:05am Jun 5, 2012 2:05am
Quoting frontline141
here it is. The line is where i enter and another pic is the one which breakout the swing low.



thanks
I don't know what you mean regarding the second chart, so I'll comment on the top chart. Firstly.....stochastic is poorly positioned, and my Matrix looks nothing like yours........it was clearly bearish at that time. Even allowing for Trend Emo and Sent repaint.....the Extr row cannot repaint.......you have a problem of some sort with your indicators and/or Matrix
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,278
  • Jun 5, 2012 2:14am Jun 5, 2012 2:14am
Quoting frontline141
here it is. The line is where i enter and another pic is the one which breakout the swing low.



thanks
You should be looking at the next HTF = M15. Last signal was sell
  • #13,279
  • Jun 5, 2012 2:19am Jun 5, 2012 2:19am
Quoting realjumper
I don't know what you mean regarding the second chart, so I'll comment on the top chart. Firstly.....stochastic is poorly positioned, and my Matrix looks nothing like yours........it was clearly bearish at that time. Even allowing for Trend Emo and Sent repaint.....the Extr row cannot repaint.......you have a problem of some sort with your indicators and/or Matrix
I think you'll find he took it on the 7:05 (London time) candle and my tvi is blue there also, but Frankfurt had just opened, I'm very wary of taking trades right on their open.
  • #13,280
  • Jun 5, 2012 2:23am Jun 5, 2012 2:23am
Quoting ohammond
I think you'll find he took it on the 7:05 (London time) candle and my tvi is blue there also, but Frankfurt had just opened, I'm very wary of taking trades right on their open.
Ok...thanks. Yeah Frankfurt open is a bit tricky to trade, but either way, the stoch was poorly positioned for a long......
Doing what you like is Freedom. Liking what you do is Happiness.
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